The board of directors (the "Board") of DWS Vietnam Fund Limited (the "Company") would like to announce that Kevin Phillip, Jason Fitzgerald, Judd Kinne and Martin Adams have been appointed to the Board of the Company. Kevin Phillip and Jason Fitzgerald were appointed with effect from 31 December 2015. Judd Kinne and Martin Adams were appointed with effect from 19 February 2016.

Kevin Phillip

Kevin Phillip has worked for DMS Offshore Investment Services (DMS) as an Executive Director and Business Unit Leader since January 2015, a Director from 2012-2014 and an Associate Director from 2007 to 2012. As an Executive Director of DMS he serves as an independent director on the boards of a variety of hedge fund and related structures. He leads a team of professionals at DMS, supervising the fund governance of hedge funds and providing guidance on accounting, regulatory, legal and financial issues.

He also serves as Business Unit Leader of the DMS International Tax Compliance Group.

He also plays a lead role with DMS Outsourcing Ltd.

Mr. Phillip gained experience working as an auditor with Ernst & Young in New York and the Cayman Islands, focusing on large international financial institutions, domestic and offshore hedge funds and mutual funds.

He qualified as a Certified Public Accountant in New York in 2007 and holds a Master of Science degree in Accountancy from the University of Notre Dame in 2003, as well as a Bachelor of Business Administration degree in Accounting and a Bachelor of Business Administration degree in Finance, Summa Cum Laude, from North Carolina Central University in 2002. He is a member of the American Institute of Certified Public Accountants and is an approved principal of entities registered with the National Futures Association.

Mr. Phillip is registered as a Professional Director by the Cayman Islands Monetary Authority and is an Accredited Director by the Chartered Secretaries of Canada.

Jason Fitzgerald

Jason Fitzgerald is a Director of DMS Offshore Investment Services (DMS), a professional investment services firm, licensed and regulated under the Laws of the Cayman Islands. He oversees fund governance for a portfolio of hedge fund clients and provides oversight to a team of professionals in the administration of fund governance services. He joined DMS in July 2012 as an Associate Director.

Previously, Mr. Fitzgerald was a Manager for Citco Fund Services of Ireland from 2007 to 2012, where he was responsible for managing a team of accountants across a wide variety of hedge funds.

Prior to this Mr. Fitzgerald worked in Bermuda as an Account Manager in Butterfield Fund Services and in the audit department in Deloitte. He also trained and worked as an Audit Senior for Ernst & Young in Ireland.

Mr. Fitzgerald holds a Bachelor of Science degree in Accounting obtained in 1998 and a Higher Diploma in Software Engineering obtained in 1999 from University College Cork, Ireland. He is a Fellow Chartered Accountant (FCA), a designation he earned through Chartered Accountants Ireland in 2013.

He is an Accredited Director of the Chartered Secretaries of Canada and a member of the Cayman Islands Society of Professional Accountants.

Mr. Fitzgerald is a Registered Director with the Cayman Islands Monetary Authority and a member of the Cayman Islands Directors Association.

Judd Kinne

Judd has 45 years investment and capital markets experience in Asian emerging markets, having been a resident of Singapore since 1973 (and a citizen since 2009). Most of this time he worked at director- level for 3 groups:- Vickers,da Costa Ltd (1976-1988); Peregrine Group (1989-1998); and Kim Eng Holdings Ltd (latterly "Maybank Kim Eng") (1998-2014).

He established multiple stockbroking and corporate finance franchises, both wholly owned or JV's, in Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam and India. He helped to manage and grow these businesses, some of which became listed on regional stock exchanges. Judd was also a Director and/or I.C. Member in some of the first country funds for equity foreign investment in Thailand, Taiwan and Korea, and he has initiated investments into several p.e. funds for India.

In the early 1970's, Judd was a commercial banker in Saigon (then the Republic of Vietnam).

From 1990-'98 he was a Director of Peregrine Capital Vietnam Ltd. which was a joint-venture direct investment company with the objective of establishing a portfolio of operating investments in Vietnam as it re-opened its economy to the outside world. "PCV" contributed capital and local expertise to various key sectors including:- automotive (Mercedes Benz/Chrysler/Honda/Piaggio); consumer goods (Johnson & Johnson/Diaggio/Brother/Chubb etc); farm equipment (John Deere); banking and financial services (Dainam Bank).

Whilst a director of Kim Eng Holdings Ltd (a regional stockbroking/investment bank) from 1998-2014, he led the initiatives in Vietnam which began with an investment in the mid-cap p.e. fund, "Mekong Enterprise Fund II", managed by Mekong Capital where he was a Director from its inception until 2014. He formed Kim Eng's Representative Office for Vietnam, and was a founding Director of Kim Eng's Vietnam stockbroking company (the first foreign/domestic JV securities company in Vietnam).

Save as disclosed herein, no further information is required to be disclosed in relation to Kevin Phillip, Jason Fitzgerald, Judd Kinne or Martin Adams under the Irish Stock Exchange's listing requirements for investment funds.

Enquiries:

Collas Crill Corporate Services Limited as Company Secretary

Alan de Saram

Phone: +1 345 914 9604

This announcement has been issued through the Companies Announcement Service of